Mammoth Burger borrowed $7,000 from First Financial Bank and signed a 7% promissory note dated June 1,202 that matures one year later on May 31,203. What is the appropriate journal entry for Mammoth Burger on December 31,202? Dr- Interest Expense $285.83 Cr-Interest Payable $285.83 Dr. Interest Expense $490 Cr-Interest Payable $490 Dr- Cash $285.83 Cr-Interest Payable $285.83 Dr-Interest Expense $40.83 Cr-Interest Payable $40.83 Question 16 2 pts Mammoth Burger (MB) borrowed $7,000 from First Financial Bank and signed a 7% promissory note dated June 1, 202 that matures one year later on May 31,203. Assume that MB recorded the appropriate adjusting journal entry on December 31,202. What journal entry should MB record when the maturity value is paid to the bank on May 31,203 ? Dr- Note Payable $7.490.00 Dr-Interest Payable $285.83